Vocabulary test
Drag & drop: Fill in the missing expression. Use the following words and phrases:
- base rate
- fixed rate loan
- handling charge
- annual fee
- margin
- unauthorized overdraft fee
- interest
- withdrawal fee
- setting-up fee
- commission
- Many banks ask for a when dealing with large transfers to other banks or special requests.
- The opposite of a is a variable rate loan, in which the interest you pay is determined by market forces and can change throughout the life of the loan.
- I didn't know I would be expected to pay a in order to arrange such a small overdraft.
- is how banks profit from loaning money to customers.
- If the bank's is 4%, you will probably pay 6% or 7% interest on any loan you receive.
- means money taken out of your account by the bank, and also means the percentage of a sale that a salesman earns for himself.
- Credit cards can be so expensive! One of mine has an of several hundred dollars!
- If your loan is fixed at 6% interest, and the base rate is 3%, then your is also 3%.
- Last week, I withdrew 300 dollars more than I was allowed to from my account, and I was charged an as a result.
- One of the best things about my bank is that there is no for using my ATM card – I hate paying a dollar or two every time I need some money.